RESERVE BANK OF AUSTRALIA (RBA) HEAD OF ECONOMIC ANALYSIS DEPARTMENT JONATHAN KEARNS SPOKE TO THE AUSTRALIAN BUSINESS ECONOMISTS LUNCH, SYDNEY.

Property prices are showing signs of life but there will be no repeat of a 1990s-style housing boom, a senior Reserve Bank of Australia head of economic analysis Jonathan Kearns said on Tuesday.

RBA) analyst has said.

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NATIONAL AUSTRALIA BANK'S MONTHLY BUSINESS SURVEY FOR OCTOBER

The survey showed business conditions slumping to their lowest levels in three years.

The survey's index for business conditions fell two points in October, to minus five, while the business confidence index declined one point to minus one.

NAB said on Tuesday that the decline in conditions reflected weaker circumstances for the mining, manufacturing, wholesale and construction sectors.

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ABS WAGE PRICE INDEX FOR THE SEPTEMBER QUARTER

Total hourly rates of pay, excluding bonuses, rose by a seasonally adjusted 0.7 per cent in the September quarter, official figures show.

The wage price index rose 3.7 per cent from a year earlier, the Australian Bureau of Statistics (ABS) said on Wednesday.

The median market forecast was for a rise of 0.8 per cent in the September quarter.

In the June quarter, the index rose an unrevised 1.0 per cent.

The index measures movement in underlying wages by calculating the change in wage and salary cost across a range of occupations.

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WESTPAC/MELBOURNE INSTITUTE SURVEY OF CONSUMER SENTIMENT

Consumer sentiment surged to its highest point in 19 months in November, suggesting that people were finally starting to respond to previous interest rate cuts by the Reserve Bank of Australia.

The survey showed a rise of 5.2 per cent to an index level of 104.3 - its highest point since April 2011.

All components of the data improved in November, with a rise of 11.1 per cent on the sub-index measuring views on family finances compared to a year ago, and a rise of 1.3 per cent on the measure of expected family finances over the next 12 months.

Australians were also positive about economic conditions over the next 12 months and five years, with the relevant sub-indices improving by six per cent and 3.4 per cent respectively.

The sub index tracking whether now was a good time to purchase a major household item rose 5.1 per cent.

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ABS NEW MOTOR VEHICLE SALES FOR OCTOBER

Australian sales of new motor vehicles fell 2.8 per cent, seasonally adjusted, in October, according to official data.

In the month, 95,720 new vehicles were sold, seasonally adjusted, compared to a downwardly revised 98,436 in September, according to Australian Bureau of Statistics data released on Thursday.

In the year to October, new motor vehicle sales rose 8.6 per cent, seasonally adjusted, from 88,163.

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AUSTRALIAN OFFICE OF FINANCIAL MANAGEMENT NOTE ISSUE

The Australian government sold $1 billion of Treasury notes in two tranches on Thursday.

The Australian Office of Financial Management, which conducts bond auctions on behalf of the government said the first tranche was sold for a weighted average yield of 3.116 per cent, attracted bids totalling $2.717 billion, with a coverage ratio of 5.43.

The second tranche was sold for a weighted average yield of 3.041 per cent, attracted bids totalling $3.505 billion, with a coverage ratio of 7.01.

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AOFM BOND ISSUE

The Australian government sold $600 million of February 15, 2017, Treasury Bonds on Friday.

The Australian Office of Financial Management said the bonds were sold for a weighted average yield of 2.5375 per cent.